KUALA LUMPUR: 1MDB Real Estate Sdn Bhd (1MDB RE) is inviting contractors to participate in an open pre-qualification exercise for infrastructure and internal roadway works to be built at the Tun Razak Exchange (TRX) financial and business district.
The pre-qualification process will shortlist qualified companies at the tender stage.
An earthworks package, which began in April last year, is expected to be completed in the first half of next year.
“The current earthworks at TRX site involved a four-storey deep excavation for the underground basement level of the project. The next package of work would extend to the roadwork and tunnels to support our key infrastructure, including underground road structures, installation of buried utilities and both at-grade and elevated roadways,” said chief executive officer Datuk Azmar Talib in a statement yesterday.
The initial phase of construction includes the mixed-use development comprising a hotel, three residential towers and a retail mall seamlessly connected to TRX’s multi-layer central park to be situated at the Lifestyle Quarter.
The construction of the Lifestyle Quarter is slated to begin next year and is expected to attract up to RM3.2 billion in foreign direct investments.
TRX recently sealed a 20-year concession agreement with Veolia Water Technologies Southeast Asia for wastewater treatment and recycled water supply. The wastewater treatment plant will be a key component of TRX’s sustainability framework, supplying recycled water and cutting water demand by more than 50 per cent.
“We are excited to continue the commercialisation of the TRX development. We are in final stages of discussion with several international and local investors,” said Azmar.